0. Introduction. In a paper (1) with the same title, one of us attempted to classify the reducible k2-bundles on a quadric surface Q = P1 × P1 defined over an algebraically closed field k. This attempt suffered from two defects: first, the classification was given by a one-one correspondence rather than by an algebraic parameter variety, and, secondly, there is a mistake in the proof of Proposition 6 of (1), as a result of which Proposition 6, Proposition 7 and the exceptional clause of the Theorem in (1) are false. To correct these defects we use the definitions, notations and numbering of (1) without comment. Finally, we show how the classification of reducible k2-bundles on P1 × … × P1 (n factors) is determined by that of reducible k2-bundles on P1 × P1. The net effect of these corrections is to underline the moral of (1): while the classification of reducible k2-bundles (but with a distinguished factor of the product variety P1 × … × P1) is as nice as it could possibly be, the classification of reducible k2-bundles alone is as nasty as it could possibly be. Since every decomposable k2-bundle is just a sum of two line bundles, we consider only indecomposable reducible k2-bundles.